Recent Commercial Real Estate Transactions

A vacant four-story apartment building at 353 East 19th Street went for $3.9 million in the Stuyvesant Park area of Manhattan.CreditDuplex NYC

By Rosalie R. Radomsky

May 22, 2018

RECENT SALE

$3.9 MILLION

353 East 19th Street (between First and Second Avenues)

Manhattan

An investor has bought and plans to renovate this vacant four-story building in the Stuyvesant Park area. The building dates from the early 1900s, and is configured with a two-bedroom duplex with a garden, as well as two one-bedroom apartments. Air rights were previously sold to the adjacent seven-story condominium.

RECENT LEASE

Lambert, Edwards & Associates, a Michigan-based public relations and investor relations firm, is opening an office at 450 Seventh Avenue in the garment center.

$60/SQ. FT.

$99,480 approximate annual rent

Nelson Tower

450 Seventh Avenue (between West 34th and 35th Streets)

Manhattan

Lambert, Edwards & Associates, a Michigan-based public relations and investor relations firm, has signed a five-year lease to set up its investor relations, financial communications, and mergers and acquisitions practice headquarters in a 1,658-square-foot space on the 20th floor of this 46-story office building in the garment district. The space has a new glass-enclosed conference room and upgraded pantry. The building, which has a lobby under renovation, has newly refurbished corridors, restrooms and elevator cabs.

FOR SALE

A mid-19th century five-story building home to Murphy’s Tavern at 6 Stone Street in the Financial District is on the market for $7.75 million.CreditHeidi Solander

$7.75 MILLION

6 Stone Street (between Whitehall and Broad Streets)

Manhattan

This 9,075-square-foot five-story mixed-use 19th century building, which sits on an irregular 24.5-by-80-foot lot, is home to Murphy’s Tavern, a two-story pub in the financial district. The pub, which has a triple net lease for the entire building until 2020, is responsible for electricity, tax and insurance costs. Above the pub are two market-rate loft apartments, as well as two office spaces. One apartment and one office are vacant. Air rights were previously sold to the DoubleTree by Hilton next door.